Report
Matthew Dolgin
EUR 100.00 For Business Accounts Only

Telus has solid wireless and wireline networks, positioning it to grow both subscriber bases.

After taking a fresh look at Telus, we are reducing our fair value estimate to CAD 47 from CAD 48 and maintaining our narrow moat and stable trend ratings. We think the company is doing everything right and will benefit from its improved wireline network, but it has the misfortune of having an overlapping wireline footprint with Shaw, making its wireless business more susceptible to Shaw's wireless insurgence than other competitors, in our view. Our valuation implies a P/E multiple of 18 and an ...
Underlying
TELUS Corporation

TELUS is a telecommunications company providing a range of communications products and services, including wireless and wireline voice and data. Data services include: internet protocol; television; hosting, managed information technology, security and cloud-based services; healthcare solutions; and business process outsourcing. As of Dec 31 2017, Co. had approximately 13.1 million subscriber connections, including 8.9 million wireless subscribers, 1.7 million high-speed Internet subscribers, 1.3 million residential network access lines, and 1.1 million TELUS TV® customers.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Matthew Dolgin

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